Travelers Companies (NYSE:TRV) PT Lowered to $250.00

Travelers Companies (NYSE:TRV) had its price target cut by investment analysts at Evercore ISI from $253.00 to $250.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Evercore ISI’s price objective points to a potential upside of 16.83% from the stock’s current price.

Several other analysts also recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Royal Bank of Canada raised their price target on shares of Travelers Companies from $185.00 to $210.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. UBS Group upped their price objective on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Raymond James raised their target price on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Finally, Citigroup upped their price target on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $220.78.

Travelers Companies Price Performance

TRV stock opened at $213.99 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $221.79 and its 200 day simple moving average is $196.63. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The firm has a market cap of $49.03 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.08 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the prior year, the firm earned $4.11 earnings per share. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts expect that Travelers Companies will post 17.62 earnings per share for the current year.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the sale, the executive vice president now directly owns 14,080 shares in the company, valued at $2,966,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the transaction, the senior vice president now directly owns 719 shares in the company, valued at approximately $153,046.34. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock worth $23,343,903 over the last quarter. Insiders own 1.33% of the company’s stock.

Institutional Trading of Travelers Companies

A number of large investors have recently added to or reduced their stakes in TRV. Mn Services Vermogensbeheer B.V. increased its stake in shares of Travelers Companies by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock worth $18,217,000 after purchasing an additional 1,600 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after buying an additional 7,649 shares during the last quarter. Worth Asset Management LLC purchased a new stake in Travelers Companies in the fourth quarter worth $2,201,000. Nordea Investment Management AB raised its stake in shares of Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after buying an additional 16,580 shares during the period. Finally, DNB Asset Management AS lifted its position in shares of Travelers Companies by 53.5% during the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after buying an additional 24,230 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.